Republic Services, Inc. $RSG Shares Purchased by Huntington National Bank

Huntington National Bank boosted its stake in Republic Services, Inc. (NYSE:RSG) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,778 shares of the business services provider’s stock after acquiring an additional 408 shares during the period. Huntington National Bank’s holdings in Republic Services were worth $3,151,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RSG. Brighton Jones LLC raised its stake in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after buying an additional 8,547 shares in the last quarter. Golden State Wealth Management LLC raised its position in Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after acquiring an additional 106 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Republic Services by 38.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,925 shares of the business services provider’s stock worth $708,000 after purchasing an additional 813 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Republic Services by 721.5% during the 1st quarter. Penserra Capital Management LLC now owns 4,461 shares of the business services provider’s stock worth $1,079,000 after purchasing an additional 3,918 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Republic Services in the 1st quarter valued at about $211,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of Republic Services stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The SEC filing for this sale provides additional information. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RSG. Citigroup lowered their target price on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Raymond James Financial reissued an “outperform” rating and set a $240.00 price target on shares of Republic Services in a research note on Friday. National Bankshares reduced their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. Robert W. Baird set a $240.00 price objective on Republic Services in a report on Friday. Finally, Jefferies Financial Group set a $248.00 price objective on Republic Services and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $253.85.

Republic Services Price Performance

RSG stock opened at $207.64 on Wednesday. Republic Services, Inc. has a 1 year low of $199.43 and a 1 year high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50 day moving average price is $224.58 and its 200 day moving average price is $237.11. The firm has a market cap of $64.83 billion, a P/E ratio of 30.72, a PEG ratio of 3.40 and a beta of 0.57.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, October 30th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the company earned $1.81 EPS. Republic Services’s revenue was up 3.3% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio is presently 37.20%.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.